Marine market premiums down in 2015

At the annual International Union of Marine Insurance conference, the marine market heard the sluggish global economy is taking its toll in the marine space. Here, we report on news from the event


The International Union of Marine Insurance (IUMI) – unveiling its annual statistical report on the marine insurance market at its annual conference, announced global underwriting premiums for 2015 of US$29.9 billion. This is a 10.5 per cent reduction on the 2014 figure.